This property looks like a bad Long-Term investment with a projected -13.82% first-year return on $179k initial cash invested.
-13.82%
Cash On Cash
3.56%
Cap Rate
0.58
DSCR
$4,129
Rent
-$2,055
Cashflow
Cash Flow
$4,129 income − $6,184 expenses = $2,055 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$170k
Closing costs
1%
$8,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,129
Total Expenses
$6,184
Mortgage P&I
106%
$4,369
Property Taxes
8%
$319
Home Insurance
7%
$298
HOA
3%
$125
Property Management
10%
$413
CapEx
5%
$206
Vacancy
6%
$248
Maintenance
5%
$206
Other
0%
$0